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New York Investor Buys Queens Apartment Tower for $47 Million

Pearl Realty Management Sells Historic Apartment Building in Long Island City
The 115-unit apartment tower in Long Island City, New York, was completed in 1927 and renovated in 2012. (CoStar)
The 115-unit apartment tower in Long Island City, New York, was completed in 1927 and renovated in 2012. (CoStar)
By Suzan Miller
CoStar Research
November 14, 2019 | 3:43 P.M.

New York-based DSA Property Group has purchased a 115-unit apartment building in Long Island City from local investment shop Pearl Realty Management for $47 million, or about $409,000 per unit.

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